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14 Aug 2020

Financial Markets

The Baht pared gains while the SET dropped at the end of the week before weekend


             The SET fluctuated almost throughout the week, ending at 1,327.05 points, up 0.20% over-week. The average daily trading value was THB61,316.29 million, up 13.70% over-week. The mai closed at 307.71 points, down 0.57% over-week.

             ​The SET dropped slightly early the week on sell-offs of institutional investors, before surging later on hopes towards a new round of US stimulus measures and positive news about the COVID-19 vaccine development, which also boosted shares of many sectors, in particular banking and transportation shares. However, the SET dropped sharply at the end of the week amid concerns over the COVID-19 situation, uncertainty surrounding the US fiscal stimulus, plus the meeting between US and Chinese trade officials.​

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Financial Markets